[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 101 Introduced in Senate (IS)]

<DOC>






118th CONGRESS
  1st Session
                                 S. 101

To amend the Internal Revenue Code of 1986 to provide a reduced excise 
     tax rate for portable, electronically-aerated bait containers.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 26, 2023

    Mr. Rubio (for himself and Mr. Scott of Florida) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide a reduced excise 
     tax rate for portable, electronically-aerated bait containers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fishing Equipment Tax Relief Act of 
2023''.

SEC. 2. THREE PERCENT RATE FOR PORTABLE, ELECTRONICALLY-AERATED BAIT 
              CONTAINERS.

    (a) In General.--Section 4161(a) of the Internal Revenue Code of 
1986 is amended by redesignating paragraph (4) as paragraph (5) and by 
inserting after paragraph (3) the following new paragraph:
            ``(4) 3 percent rate for portable, electronically-aerated 
        bait containers.--In the case of portable, electronically-
        aerated bait containers, paragraph (1) shall be applied by 
        substituting `3 percent' for `10 percent'.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to articles sold by the manufacturer, producer, or importer after 
December 31, 2023.
                                 <all>